Mortgage Rates Higher For 3rd Straight Day

Decent Recovery as Sentiment Swoons Ahead of Jobs Report Bonds have made it to Friday's jobs report without a meaningful extension of the corrective sell-off that began 2 days ago. That wasn't a given in the middle of today's trading session. Lutnick's comments on tariff exemptions fueled a risk-on move (buy stocks, sell bonds) in the late AM hours, but it didn't last long. Stocks reversed course in the PM hours and pulled bonds along for the ride. MBS were unchanged to a hair stronger and 10yr yields were able to make it fairly close to unchanged by the 3pm close. Econ Data / EventsJobless Claims 221k vs 235k f'cast, 242k prev Market Movement Recap08:39 AM Losing some ground after Jobless Claims. MBS back to unchanged on the day and 10yr up 1.1bps at 4.288 10:41 AM Losing more ground after Lutnick's comments on USMCA tariff delays. MBS down 5 ticks (.16) and 10yr up 6.1bps at 4.337 01:28 PM Bouncing back over the past 2 hours as stocks swoon again. MBS down only 1 tick (.03) on the day at 10yr up 1.6bps at 4.293 03:24 PM fairly flat in the PM hours. Stocks and bonds are moving together as Trump speaks. MBS up 1 tick and 10yr yields only half a bp higher at 4.281

March 6, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Decent Recovery as Sentiment Swoons Ahead of Jobs Report Decent Recovery as Sentiment Swoons Ahead of Jobs Report Bonds have made it to Friday's jobs report without a meaningful extension of the corrective sell-off that began 2 days ago. That wasn't a given in the ... (read more) Mortgage Rate Watch Mortgage Rates Higher For 3rd Straight Day You may see conflicting news about mortgage rates today, depending on where you look. Weekly surveys, such as Freddie Mac's, are showing a fairly big drop from last week. That was indeed the case over the 5 business days of the weekly survey, but tha... (read more) Rob Chrisman Loan Trading, Appraisal, Production, MSR Portfolio Tools; HUD to End AFFH Rule, 70k VA Job Cuts? “I recently saw a woman at Walmart with March Madness teeth... She was down to the final four.” Risk-free, prepayment-free Treasury rates have approached, or gone below, four percent as the expectations have grown for a slowing U.S. economy (it doesn... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.79% +0.07% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.79% +0.07 0.00 15 Yr. Fixed 6.21% +0.03 0.00 30 Yr. FHA 6.19% +0.05 0.00 30 Yr. Jumbo 7.00% +0.02 0.00 7/6 SOFR ARM 6.39% +0.04 0.00 30 Yr. VA 6.22% +0.07 0.00 Updates Daily - Last Update: 3/6 15 Yr. Fixed Rate 6.21% +0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.63% -0.13 0.00 15 Yr. Fixed 5.79% -0.15 0.00 Updates Weekly - Last Update: 3/6 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.93% -0.02 0.66 15 Yr. Fixed 6.31% -0.04 0.70 30 Yr. Jumbo 7.03% +0.07 0.53 Updates Weekly - Last Update: 2/19 MBS / Treasuries UMBS 30YR 5.5 99.85 +0.04 Price / Yield Change MBS UMBS 5.5 99.85 +0.04 UMBS 6.0 101.50 +0.06 GNMA 5.5 100.02 -0.04 GNMA 6.0 101.36 +0.10 Pricing as of: 3/6 5:31PM EST 10 Year US Treasury 4.2832 +0.0062 Price / Yield Change US Treasury 2 YR Treasury 3.967 -0.037 5 YR Treasury 4.062 -0.017 7 YR Treasury 4.176 -0.007 10 YR Treasury 4.283 +0.006 30 YR Treasury 4.580 +0.006 Pricing as of: 3/6 5:31PM EST Latest Video FHA loan delinquency rate rises to 11.3% as overall mortgage landscape rema... Layoff announcements soar to the highest since 2020 as DOGE slashes federal... 60-day auto loan delinquencies hit all-time high Wholesale inventories up 0.8% vs. 0.5% estimated Around the Web Wells Fargo Do You Know the Tariff Man? U.S. Trade Deficit Blows Out in January Barrons U.S. Foes and Friends Will Face More Pressure, Bessent Says Calculated Risk Blog Weekly Initial Unemployment Claims Decrease to 221,000 Calculated Risk Blog February Employment Preview CNBC The Federal Housing Administration could face layoffs what that may mean for homebuyers CNBC Treasury yields move higher as investors digest potential tariff relief Eye on Housing House Price Appreciation by State and Metro Area: Fourth Quarter 2024 CNBC Tariffs could drive up new home prices by as much as $22,000, research finds CNBC Private employers added just 77,000 jobs in February, far below expectations, ADP says cnbc White House open to more exemptions after pausing auto tariffs CNBC European Central Bank cuts rates by another quarter point amid Trump tariff threats Calculated Risk Blog ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024 Calculated Risk Blog ISM Services Index Increased to 53.5% in February

© 2025 Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [email protected]. Go here to UNSUBSCRIBE from this email.